The Japanese Yen (JPY) is maintaining its strong intraday gains as it heads into the European session, driven by mounting fears of government intervention and safe-haven flows. The USD/JPY exchange rate is hovering around 148.50, reflecting a notable appreciation of the Yen amidst rising concerns over excessive depreciation. Markets are responding to comments from Japan's Finance Minister Satsuki Katayama, who hinted at more robust intervention measures.
As traders position themselves ahead of potential policy actions, the JPY could continue to see upward momentum. The recent shift in sentiment suggests that investors are increasingly favoring the Yen over the Euro, with the EUR/JPY pair also feeling the effects of this renewed strength in the Japanese currency. With intervention fears looming, traders will closely monitor market developments for further signals on the JPY's trajectory.
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Data Source: FX Killer Analysis Team Updated: 2025-12-23 07:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.